Facing huge shortfall in revenue collection, Odisha has asked government departments to route their money parked in bank accounts back to the government treasury to improve the cash balance to meet Covid-19 related emergent expenditure […]
A question I hear quite often is: Do the losses in the market mean my money disappeared? As Einstein said, “Energy cannot be created or destroyed, it can only be changed from one form to […]
Most banks in the country offer the facility of IMPS for making an online money transfer. Immediate Payment Service (IMPS), an instant interbank electronic fund transfer facility, allows the customer to transfer funds on a […]
Gitanjali Gems promoter Mehul Choksi and his nephew Nirav Modi are at the centre of the $2 billion fraud at Punjab National Bank (PNB). New Delhi: A day after PNB fraud accused Mehul Choksi was traced to Antigua […]
Experts believe that fund houses with a large proportion of direct sales have a better brand and bigger pricing power when it comes to fixing commissions for distributors. Photo: iStock The initial public offer (IPO) of […]
Asia’s oldest bourse BSE on Thursday said it will introduce a multi-bank facility for distributors to register clients on the exchange’s mutual fund platform from August 1. Mutual fund distributors can register only one bank account while registering the […]
Everybody wants a reward but not risks that come while working towards it. Why to start an SIP? Because equities are growth assets and have the potential of delivering far superior returns than any other […]
The government’s Central Public Sector Enterprises based Exchanged Traded Fund (CPSE-ETF), a part of larger disinvestment program of Ministry of Finance, opened on Tuesday. Reliance mutual fund aimed to raise up to Rs 4500 crore […]
I am new to stock markets. Please help me understand and calculate STCG. I purchased shares of ABC Co. Ltd at Rs100 and sold at Rs125 and paid brokerage of Re1 on buying and selling […]
The Parliament recently approved the Payment of Gratuity (Amendment) Bill, 2018. The highlight of the Bill is that it will allow the government to raise the limit of tax-free gratuity whenever required, through an executive […]